Author: PPD Team Date: 12/11/2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 21/03/2025 Insolation Energy Limited has received a Letter of Intent (LoI) from Ajmer Vidyut Vitran Nagar Limited (AVVNL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) to set up cumulative 38.43 MW grid-connected solar power plant across Rajasthan. The projects will be developed under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The LoI from AVVNL includes: 9 MW solar projects at six locations in Rajasthan…
Author: PPD Team Date: 05/05/2025 The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in March 2025. The scope includes design, engineering, procurement, supply, construction, erection, testing, and commissioning. It…
Author: PPD Team Date: 21/01/2025 President Donald Trump has temporarily suspended new federal leases for offshore wind energy projects, citing concerns over costs, aesthetics, and wildlife impacts. The executive order mandates a comprehensive environmental and economic review of offshore wind development on the US outer continental shelf. Trump criticized wind energy, stating, “They’re the most expensive form of energy by far. They kill birds and ruin beautiful landscapes.” However, the suspension does not affect existing…
Author: PPD Team Date: 03/12/2024 NTPC aims to increase its installed capacity from 76 GW to 130 GW by 2032, presenting significant growth prospects for micro, small, and medium enterprises (MSMEs). The company’s procurement value is expected to rise from Rs 190.75 billion in FY24 to Rs 325 billion by 2032, with MSMEs contributing over 52 per cent of FY24 procurement. Over five years, NTPC’s MSME procurement grew six-fold, from Rs 16.67 billion in FY20…
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 21/03/2025 Insolation Energy Limited has received a Letter of Intent (LoI) from Ajmer Vidyut Vitran Nagar Limited (AVVNL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) to set up cumulative 38.43 MW grid-connected solar power plant across Rajasthan. The projects will be developed under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The LoI from AVVNL includes: 9 MW solar projects at six locations in Rajasthan…
Author: PPD Team Date: 05/05/2025 The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in March 2025. The scope includes design, engineering, procurement, supply, construction, erection, testing, and commissioning. It…
Author: PPD Team Date: 21/01/2025 President Donald Trump has temporarily suspended new federal leases for offshore wind energy projects, citing concerns over costs, aesthetics, and wildlife impacts. The executive order mandates a comprehensive environmental and economic review of offshore wind development on the US outer continental shelf. Trump criticized wind energy, stating, “They’re the most expensive form of energy by far. They kill birds and ruin beautiful landscapes.” However, the suspension does not affect existing…
Author: PPD Team Date: 03/12/2024 NTPC aims to increase its installed capacity from 76 GW to 130 GW by 2032, presenting significant growth prospects for micro, small, and medium enterprises (MSMEs). The company’s procurement value is expected to rise from Rs 190.75 billion in FY24 to Rs 325 billion by 2032, with MSMEs contributing over 52 per cent of FY24 procurement. Over five years, NTPC’s MSME procurement grew six-fold, from Rs 16.67 billion in FY20…
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.